Brent rises to $97.7 a barrel – US and partners agree to set price ceiling for Russian crude at steady level
Jump 3.5% records at this time in the markets oil, exceeding 97 dollars a barrel. In particular, Brent increased to $97.7 a barrel (+3.55%), while crude traded on the markets at $91.5 a barrel (+3.38%).
Meanwhile, the US and its partners agreed to set a price ceiling for Russian crude at a constant level, rather than a float that moves with benchmark crude prices, officials familiar with the matter told Bloomberg.
It is not yet clear at what level the price will be set, but it will be a fixed number and not a discount to Brent, coalition officials familiar with the matter said, speaking on condition of anonymity.
US officials have expressed a desire to cap crude oil above $60 a barrel, which would increase the chances of persuading Russia to sell at least some through the program.
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